Mad Money: Key points from June 3, 2024 (Monday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, June 3, 2024.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Cramer says investors should accept market weakness and ‘just wait’ for rate cuts (https://www.cnbc.com/2024/06/03/investors-should-accept-weakness-wait-for-rate-cuts-jim-cramer.html)

• CNBC’s Jim Cramer on Monday told investors they should come to terms with some weakness in the market as they wait for the Federal Reserve to cut interest rates.
• “Your best bet is to accept the degradation and just wait,” he said. “There are now brown shoots everywhere and, frankly, I think it’s exactly what the bulls need, as long as Jay Powell sees the weakness and knows that it can still be corrected.”

Slowdown Signs — Are they telling the real story?: Dell, Oil, Retail (CST, WMT, BURL, TJX, GAP, BBY, DKS), Machinery (CAT, VMC), Transports (PCX, UNP, COFL, JBHT), Enterprise Software, Drug Stocks (AZN, JNJ, LLY)

“Bottom Line: These negatives have happened and they’ve been baked into stocks for months”

(2) [No Video Clip for non-Club members ]Jim Cramer looks back at May’s winners and losers (https://www.cnbc.com/video/2024/06/03/jim-cramer-looks-back-at-mays-winners-and-losers.html)

‘Mad Money’ host Jim Cramer looks at the best and worst S&P 500 performers for May.

Top S&P 500 Performers in May: First Solar (FSLR) [+54%], Deckers Outdoor (DECK) [+34%], Vistra (VST) [+31%], HP Inc (HPQ) [+30%], Moderna (MRNA) [+29%]

Top SP500 Losers in May: EPAM Systems (EPAM) [-24%], Paycom Software (PAYC) [-23%], dayforce (DAY) [-19%], Global Payments (GPN) [-17%], Expedia (EXPE) [-16%]

(3) Jim Cramer explains why Dell is a buy on the dip (https://www.cnbc.com/2024/06/03/dell-is-a-buy-on-the-dip-jim-cramer.html)

• CNBC’s Jim Cramer on Monday suggested investors buy Dell stock on the dip.
• “The main problem is that Dell failed to live up to irrationally high expectations, the expectations that fueled the stock’s stunning rally this year,” he said.

Ticker: DELL

(4) [No Video Clip for non-Club members ] Executive Interview: Yum! Brands CEO David Novak goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2024/06/03/yum-brands-ceo-david-novak-goes-one-on-one-with-jim-cramer.html)

Yum! Brands Co-Founder and CEO David Novak joins ‘Mad Money’ host Jim Cramer to talk his new book on leadership development.

Ticker: YUM

(5) Cramer’s Lighting Round: Amazon ‘has a lot of room to go higher’ (https://www.cnbc.com/2024/06/03/cramers-lighting-round-amazon-has-a-lot-of-room-to-go-higher.html)

• Amazon: “Amazon, to me, has a lot of room to go higher…They’ve got religion when it comes to dominating AWS.”
• Forward Air: ”…I am doing homework to figure out why the heck this stock is down 72%.”
• Ingersoll Rand: “Let’s just hold on…Do not touch IR.”
• Cracker Barrel: “I would not sell that stock.”
• Insmed: ”…I just think we missed it.”

Ticker: AMZN, FWRD, IR, CBRL, INSM

(6) [No Video Clip for non-Club members ]If GameStop is looking to reinvent it should consider issuing new stock, says Jim Cramer (https://www.cnbc.com/video/2024/06/03/if-gamestop-is-looking-to-reinvent-it-should-consider-issuing-new-stock-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer looks at the recent resurgence of GameStop and what to make of the latest meme stock surge.

Ticker: GME

Other Stocks Discussed (calls with audience):Cava (CAVA) [wait until 15-30% decline], Carrier Global (CARR) [do not sell] , Tesla (TSLA), Samsara (IOT)

Ref: Links to other sites that relate to episode of June 3, 2024

• Podcast at Spotify (Sound from Spotify）
• Internet Archive (Video & Texts per minute）

Disclaimer

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